Reporting Paid-In Capital The following accounts and their balances were selected from the adjusted trial balance of Block Ayala Group Inc., a freight forwarder, at October 31, the end of the current fiscal year: Common Stock, no par, $14 stated value $980,000 Paid-In Capital from Sale of Treasury Stock 540,200 Paid-In Capital in Excess of Par-Preferred Stock 125,280 Paid-In Capital in Excess of Stated Value-Common Stock 2,352,000 Preferred 2% Stock, $120 par 1,044,000 6,655,000 Retained Earnings Prepare the Paid-In Capital portion of the Stockholders' Equity section of the balance sheet using Method 1 of Exhibit 8. There are 220,000 shares of common stock authorized and 23,000 shares of preferred stock authorized. Block Ayala Group Inc., Stockholders' Equity October 31 Paid-In Capital: Preferred 2% Stock, $120 Par (23,000 Shares Authorized, 8,700 Shares Issued) Total Paid-In Capital $